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Software Defined Perimeter Market Size
- Report ID: GMI9979
- Published Date: Jun 2024
- Report Format: PDF
Software Defined Perimeter Market Size
Software Defined Perimeter Market size was valued at USD 8.1 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032. The shift toward remote and hybrid work models necessitates secure remote access solutions. SDP ensures that remote employees can securely access corporate resources without compromising security.
As more businesses migrate their operations to the cloud, the need for secure & reliable remote access solutions becomes crucial. SDP enables secure access to cloud-based applications and services regardless of the user's location. For instance, in June 2024, Zscaler Copilot, advanced by NVIDIA AI enterprise, delivered security controls to proactively defend against new cyber threats. It is a new generative AI powered zero trust security solution.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Software Defined Perimeter Market Size in 2023: | USD 8.1 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 10% |
| 2032 Value Projection: | USD 20.1 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 360 |
| Segments covered: | Component, Technology, Application, End User |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Industries, such as finance, healthcare, and government, are adopting SDP solutions to comply with stringent regulatory requirements for data protection and privacy. Also, with the growing sophistication of cyber threats, there is an increasing need for advanced security solutions. For instance, in April 2024, Cisco focused on expanding its cybersecurity portfolio, including enhancements in cloud security solutions and zero trust frameworks. It introduced new features to its Secure Access Service Edge (SASE) solutions to bolster network security and performance.
Implementing SDP solutions can be complex due to the need to integrate them with the existing IT infrastructure. Implementing SDP can sometimes lead to performance degradation, particularly if the infrastructure is not properly optimized. Misconfigurations, inadequate policy enforcement, and the presence of legacy systems that are not compatible with SDP can create security gaps. Many organizations use a mix of security solutions and network devices from different vendors. Ensuring that SDP solutions interoperate seamlessly with the existing systems, including firewalls, VPNs, and other security appliances, can be difficult.
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Software Defined Perimeter Market Scope
